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Description:

1949 Five Pound Consecutive Pair

Signature Combination: Coombs/Watt

Reference Number: Renniks # 47

Quality Grade: good EF

Two light bends are evident.

Dr Herbert Cole ("Nugget") Coombs was Governor of the Commonwealth Bank
of Australia from January 1st 1949, and then Governor of the Reserve Bank
of Australia between January 13th 1960 and July 22nd 1968.

George Watt was Secretary to the Commonwealth Treasury from January 30th
1948 until March 31st 1951.

£5 notes with the signature combination of these two gents were issued
between August 22nd 1949 and October 1952.

The number of £5 notes printed with this signature combination was just
82% of the quantity issued with the Armitage / McFarlane signature
combination between 1942 and 1949.

The paper quality of these particular notes remains strong - they're
firm, and retain a lot of bounce.

Although they were sold to the previous owners as being in Uncirculated
quality (for $13,500 no less!), inspection under direct light shows
they've been pressed and have several light folds.

They certainly aren't Uncirculated, nor are they worth what the
previous owners paid, they are quite scarce as a pair, and a strong
representation of these high-value notes.

In the dark ages before the internet, one way many collectors learned
about items they were interested in was by discussing them with a
dealer, either in a coin shop or at a coin show.

Although the internet has without doubt made shopping for rare coins a
far more time-efficient experience, and allows collectors to shop online
completely independently, it has to be said that online buyers don't
benefit as much from the experience and knowledge that many dealers have
in their field of expertise as collectors in "the olden days" used to.

The good news is that new technology now allows us to provide you with a
spoken description of an item, recorded by a dealer that's experienced in
the field. It isn't quite the same as having a conversation about an item,
but it is a great way of learning the key points about an item without
going to the extent of visiting a coin shop or show.

If you'd like to hear one of our dealers discuss the key points of one of
the our products, feel free to use this form to request an audio
description from one of our expert staff.

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